We adhere to a disciplined value investment philosophy

Absolute Return
We aim to generate consistent long-term high rates of return irrespective of market performance.
Concentrated
We will only invest in our best ideas. We don’t dilute returns through over-diversification. We will, however, own enough ideas to be adequately diversified.
Long-term
As business investors, we take a long-term approach to investing. We believe the majority of market participants have a short-term orientation, which creates attractive opportunities to look beyond the next few quarters.
Value
We only invest in businesses that are selling for significantly less than our conservative estimate of their intrinsic value. Incidentally, our definition of value does not exclude growth; rather, we view growth as a driver and key component of a company’s intrinsic value.